A 22 year-old crypto ringleader pleads guilty to $245 million racketeering scheme
60-second summary
Malone Lam, a 22‑year‑old ringleader, pleads guilty to orchestrating an international social‑engineering scheme that siphoned roughly $245 million in cryptocurrency, exploiting phishing tactics and fake platforms to steal from victims worldwide.
Malone Lam pleaded guilty for his role in leading an international "social engineering" scheme, stealing $245 million worth in cryptocurrency.